Despite initial industry scepticism, treasurers are beginning to get acquainted with artificial intelligence’s (AI) potential use cases. Nikolai Diekert, BELLIN, looks beyond the hype to provide a candid view on where the technology can add value.
Zuellig Pharma receives a very high volume of customer remittances at month end, which was causing accounts receivable (AR) reconciliation delays. Zuellig responded by implementing HSBC’s dynamic virtual accounts (VA) solution together with robotic process automation (RPA), which has enhanced throughput, customer satisfaction and the company’s working capital position.
BNP Paribas and Kantox’s partnership is testament to the growing cooperation between fintechs and banks seen over the course of 2019. This unique collaboration is a deserving winner of TMI’s 2019 Award for Solution Innovation – FX Risk, helping treasurers to improve their foreign exchange risk management processes by leveraging sophisticated technology, while strengthening their bank relationship